Montenegro Unemployment Rate  Forecast


Unemployment Rate in Montenegro is expected to be 21.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Unemployment Rate in Montenegro to stand at 19.20 in 12 months time. In the long-term, the Montenegro Unemployment Rate is projected to trend around 16.50 percent in 2020, according to our econometric models.


Montenegro Unemployment Rate
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Montenegro Labour Last Q3/17 Q4/17 Q1/18 Q2/18 2020
Unemployment Rate 21.14 21.2 19.9 19.5 19.2 16.5
Employed Persons 191770 191436 189700 189138 189110 189147
Wages 757 758 757 757 756 750
Minimum Wages 288 288 288 288 288 288
Population 0.62 0.62 0.62 0.62 0.62 0.63
Wages In Manufacturing 646 652 653 655 656 659